Commodity Prices

Gold •298 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	987.70	+14.80	+1.52%
WTI Crude •10 mins	62.92	-0.10	-0.16%
Gasoline •10 mins	2.115	-0.004	-0.20%
Ethanol •298 days	2.161	+0.000	+0.00%
Silver •298 days	30.82	+1.16	+3.92%

Silver • 298 days	30.82	+1.16	+3.92%
Copper • 298 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	66.77	-0.10	-0.15%
Natural Gas • 14 mins	2.953	+0.016	+0.54%
Heating Oil • 38 mins	2.167	-0.001	-0.02%

Headlines

683 days Will The ECB Continue To Hike Rates?
683 days Forbes: Aramco Remains Largest Company In The Middle East
685 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,085 days Could Crypto Overtake Traditional Investment?
1,090 days Americans Still Quitting Jobs At Record Pace
1,091 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,095 days Is The Dollar Too Strong?
1,095 days Big Tech Disappoints Investors on Earnings Calls
1,096 days Fear And Celebration On Twitter as Musk Takes The Reins
1,097 days China Is Quietly Trying To Distance Itself From Russia
1,098 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,102 days Crypto Investors Won Big In 2021
1,102 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,103 days Food Prices Are Skyrocketing As Putin’s War Persists
1,105 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,105 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,109 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,110 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,110 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,112 days Are NFTs About To Take Over Gaming?

Billionaires Are Pushing Art To New Limits

Welcome to Art Basel: The…

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

Market Sentiment At Its Lowest In 10 Months

Stocks sold off last week…

MIG Bank

MIG BANK, formerly known as MIG INVESTMENTS, was established in Neuchatel, Switzerland as an online Forex broker and in 2009 became the world's 1st Forex…

More Info

Contact Author

GBP/USD – Uncharted Area

By - Oct 04, 2016, 6:28 AM CDT

GBP/USD has broken key support at 1.2789. There is no real support below 1.2775. Resistance is located at 1.2873 (03/10/2016). Expected to show continued downside pressures.

The long-term technical pattern is even more negative since the Brexit vote has paved the way for further decline. Long-term support given at 1.0520 (01/03/85) represents a decent target. Long-term resistance is given at 1.5018 (24/06/2015) and would indicate a long-term reversal in the negative trend. Yet, it is very unlikely at the moment.

Daily Technical Report